Agency Accountability Act of 2023
The bill significantly alters the handling of financial resources obtained by federal agencies. By requiring that any funds collected in the form of fees, fines, or penalties be deposited into the general fund, it aims to limit agencies' discretionary use of such funds without legislative approval. This change is expected to promote a more transparent and controlled process, thus redefining how budgets are constructed and utilized within federal entities. The requirement for the annual report by the USPTO detailing collected funds further enhances transparency and allows for better oversight.
House Bill 2368, known as the Agency Accountability Act of 2023, seeks to enforce stricter guidelines on how federal agencies manage funds received from fees, fines, penalties, and settlements. The bill mandates that all such funds be deposited into the general fund of the Treasury, aiming to ensure that these amounts are appropriated through formal channels. This is intended to enhance accountability within federal agencies and ensure that funds are utilized only after being authorized through appropriations acts rather than being available for automatic use by agencies.
Notably, the bill has drawn attention due to its implications for the operational flexibility of federal agencies. Critics might argue that the bill could constrain agencies' ability to quickly respond to emerging needs or crises by limiting their access to collected funds for immediate use. Furthermore, the exceptions outlined in the bill, such as those for whistleblower payments and certain guarantee programs, raise questions about the balance between regulation and the ability of agencies to fulfill their missions effectively.